According to a study by the Nigerian Communication Commission, the total amount of foreign direct investment (FDI) into the Nigerian telecoms sector in 2022 was $ 399,905,531.38, a decrease of 46.8% from the $ 753,044,446.35 reported in 2021.

    The Commission’s 2022 subscriber/network statistics annual report states that N785,771,028,960.36 worth of domestic investment totaled N3,856,026,156,380.29 in income for the entire ye.


    Further analysis of the overall revenue revealed that N3.32 trillion, N385 billion, and N92 billion were generated by GSM, fixed wired, and internet service providers, respectively.In addition, value-added services generated N40.74 billion; collocation and infrastructure sharing brought in N3.29 billion; and other telecom operators contributed N5.59 billion.According to the study, there were 222,571,568 active voice subscriptions as of December 2022, up from 195,463,898 active voice subscriptions in 2021.


    The surge, according to the Commission, was brought on by a variety of factors, including subscriber loyalty, promotions, seasonal effects, a push for aggressive consumer acquisition, and competitive product offerings across all networks.

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    MTN, GLO, AIRTEL, and EMTS each registered 89,016,678 (40.06 percent), 60,290,012 (27.13 percent), 60,065,904 (27.03 percent), and 12,852,706 (5.78 percent) subscribers, respectively, according to a breakdown of the mobile operator’s subscriber base.”Active subscribers grew by 27,107,670 subscribers, up by 13.86 percent year over year. Numerous factors, including subscriber loyalty, promotions, seasonal effects, a strong consumer acquisition push, and competitive product offers across all networks, have all been linked to the expansion in the Operators’ subscriber bases. According to the report, “the rise in Active Subscription has a positive impact on other derived telecom measures, including teledensity, internet penetration, and broadband penetration.

    According to the research, there were 141,971,560 internet subscribers in December 2021, and there were 154,847,901 subscribers in December 2022. This equals a 9.06 percent gain.Additionally, within this time period, broadband penetration rose from 40.88 percent in December 2021 to 47.36 percent in December 2022. Similar to this, the number of broadband subscriptions climbed from 78,041,883 in December 2021 to 90,398,960 in December 2022.

    The amount of data consumed increased from the year’s end in December 2021 to the year’s finish in December 2022. From 353,118.89TB in December 2021 to 518,381.78TB in December 2022, the total amount of data consumed by subscribers grew. This shows a rise in data consumption throughout the timeframe of 46.77%.The report noted that the telecoms sector’s contribution to Nigeria’s GDP rose from 12.61 percent in the fourth quarter of 2021 to 13.55 percent in the same quarter of 2022.

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